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Cannabis Stock Drops 1.82% Tuesday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

Tuesday, November 09, 2021 02:08 PM | InvestorsObserver Analysts
Cannabis Stock Drops 1.82% Tuesday; What Do Analysts Think The Future Is For Neptune Wellness Solutions Inc (NEPT)?

NEPT, a player in the cannabis market, is lower by 1.82% Tuesday as it underperforms the market as a whole. Analysts who follow Neptune Wellness Solutions Inc (NEPT) on average expect it to gain 93.02% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Neptune Wellness Solutions Inc an Analyst Ranking of 20, which means it ranks higher than 20 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating NEPT a Buy today. Find out what this means to you and get the rest of the rankings on NEPT!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Neptune Wellness Solutions Inc Stock Today?

Neptune Wellness Solutions Inc (NEPT) stock is trading at $0.53 as of 1:54 PM on Tuesday, Nov 9, a loss of -$0.01, or -1.82% from the previous closing price of $0.53. The stock has traded between $0.51 and $0.53 so far today. Volume today is low. So far 567,094 shares have traded compared to average volume of 1,603,791 shares. Click Here to get the full Stock Report for Neptune Wellness Solutions Inc stock.

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